NEW ISSUE ANNOUNCEMENTS Appendix 3E Daily share buy-back notice Appendix 3E Daily share buy-back notice (except minimum holding buy-back and selective buy-back)

Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/9/99. Origin: rule 3.6, Appendix 7C. Amended 30/9/2001, 11/01/10

Rule 3.8A

Name of entity

ABN/ARSN

Icon Energy Limited

61 058 454 569

We (the entity) give ASX the following information.

Information about buy-back

1

Type of buy-back

On-market buy-back

2

Date Appendix 3C was given to ASX

26 February 2015

Total of all shares/units bought back, or in relation to which acceptances have been received, before, and on, previous day

Before previous day

Previous day 24 June 2016

3

Number of shares/units bought back or if buy-back is an equal access scheme, in relation to which acceptances have been received

19,123,745

696,141

4

Total consideration paid or payable for the shares/units

$1,061,802.34

$20,650.99

+ See chapter 19 for defined terms.

11/01/2010 Appendix 3E Page 1

Appendix 3E Daily share buy-back notice

Before previous day

Previous day 24 June 2016

5

If buy-back is an on-market buy- back

highest price paid: date: $0.091

lowest price paid: date: $0.029

highest price paid:

$0.031

lowest price paid:

$0.029

highest price allowed under rule 7.33:

$0.031

Participation by directors

6

Deleted 30/9/2001.

NA

How many shares/units may still be bought back?

7

If the company/trust has disclosed an intention to buy back a maximum number of shares/units - the remaining number of shares/units to be bought back

The company does not intend to buy back more shares than the maximum number of shares allowable under the 10/12 limit

Compliance statement

1. The company is in compliance with all Corporations Act requirements relevant to this buy-back.

or, for trusts only:

  1. The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust's constitution, relevant to this buy-back.

  2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.

Sign here: ........................................................................ Date: 27 June 2016

(Executive Director/CFO/Company Secretary) Print name: Dr Kevin Jih

+ See chapter 19 for defined terms.

Appendix 3E Page 2 11/01/2010

Icon Energy Limited published this content on 27 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 June 2016 22:38:09 UTC.

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